Bobbys Corner-Open Market-March.4.2010

Written March 4, 2010 at 8:25 AM EST by  

bob-slade-forex-trading-4-150x200Good Morning:

Both the BOE kept interest rates steady.  BOE did not expand it’s asset purchasing program which was expected.
The ECB also left interst rates unchanged-and will have a conference call at 8:30 AM.
Greece began selling 10 year bonds today-pricing them with a yield of 6.39% vs.6.1% on their current bonds.
Greece’s prime Minister has promised to reduce their budget deficit by cutting spending and wages.  Today protesters occupied the finance ministry as a protest against the new proposals.

World equity markets were mostly lower-and US Futures are slightly higher this morning.

Oil:$80.76                                             Gold:$1138.40

Today’s Data:

  8:30A.M. ECB PRESS CONFERENCE 
8:30A.M. NONFARM PRODUCTIVITY 4Q F 6.30% 6.20%
8:30A.M. UNIT LABOR COSTS 4Q F -4.50% -4.40%
8:30A.M. INITIAL JOBLESS CLAIMS 27-Feb   

  

470K     496K
8:30A.M. CONTINUING CLAIMS 20-Feb    4600K     4617K
10:00A.M. FACTORY ORDERS   JAN.    1.80% 1.00%
10:00A.M. PENDING HOME SALES MoM   JAN 1.00% 1.00%
10:00A.M. PENDING HOME SALES YoY     JAN. 10.50%
10:30A.M. ICSC CHAIN STORE SALES YoY         FEB. 3.00%

HAVE A GREAT DAY & GOOD LUCK

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